Argentine peso users

The Argentine peso is the currency of Argentina (officially the Argentine Republic) which locates in southern of South America. Argentina is the eighth largest country in Latin America and also in the world.

The country name of Argentina was created since July 9, 1816 when its predecessor La Plata Province declared independence from Spain. The name was firstly formal used in 1826 as Argentine Republic and Argentine Nation.

Argentina is a member of the Union of South American Nations (briefed as UZAN or UNASUL or UNASUR according to various languages) which is an intergovernmental union and was established on December 8, 2004, consisting of twelve members and 2 observers (Mexico and Panama). The Union of South American Nations expects to model the European Union and introduce a common currency, possibly by 2019.

Currencies of Union of South American Nations (UNASUR), exchange rate: Feb.14th,2013

"UNASUR"

Currency name

Code

1USD=

1EUR=

1GBP=

Argentina

Argentine peso

ARS

5.00599

6.68764

7.75558

Bolivia

Venezuelan bolívar fuerte

BOB

6.90964

9.23015

10.7047

Brazil

Brazilian real

BRL

1.95928

2.61746

3.03543

Chile

Chilean peso

CLP

470.738

628.85

729.321

Colombia

Colombian peso

COP

1783.29

2382.35

2762.9

Ecuador

United States dollar

USD

1.00000

1.33592

1.54932

Guyana

Guyanese dollar

GYD

203.948

272.451

315.98

Paraguay

Paraguayan guaraní

PYG

4089.31

5462.93

6335.42

Peru

Peruvian nuevo sol

PEN

2.56899

3.43197

3.98019

Suriname

Suriname dollar

SRD

3.28713

4.39199

5.09252

Uruguay

Uruguayan peso

UYU

19.0398

25.4355

29.4978

Venezuela

Venezuelan bolivar

VEF

6.29375

8.40786

9.75069

Panama <2>

Panamanian balboa

PAB

1.00000

1.33592

1.54932

Mexico <2>

Mexican peso

MXN

12.6915

16.9561

10.6619

Notes:
<1>. The group expects to model the EU with a common currency by 2019.
<2>. Mexico and Panama are observers of the Union of South American Nations.

Argentine peso history

Argentine peso was introduced in 1991 and replaced the Argentine austral (ARA) at 1 ARS = 10,000 ARA. The first currency of Argentina was introduced in 1813, previously only Spanish colonial reals circulated.

Argentina currencies history (from the year of 1527 to present)

Currency name

Code

Introduced since

(Being) used until

Notes

Argentine peso

ARS

December 31, 1991

Present

Argentine peso replaced the Argentine austral at a rate of 1 ARS=10,000 ARA in 1991.

Argentina started issue its own real coins since 1813 in the name of the "Rio de la Plata Province".

Argentine Peso fuerte

/

1826

1881

The peso fuerte was a convertibale currency and only was introduced in paper money. It replaced Spanish peso with 17 peso fuerte equaled to one Spanish ounce (27.0643 g) of 0.916 fine gold and later was dropped to 16 pesos fuertes per Spainish gold ounce in 1864. The peso fuerte was replaced by Peso moneda nacional (ARM) at par in 1881.

Argentine Peso moneda corriente

/

1826

1881

The peso moneda corriente was a non-convertible currency and was only introduced in paper money. It was introduced at par with Peso fuerte and replaced at 1 ARM=25 peso monedas corrientes in 1881.

Spanish colonial reales

/

around 1527

1813

Before 1813, Spanish colonial reals circulated alone in Argentina.

Argentine peso coins and banknotes

The Argentine peso is subdivided into 100 centavos.

Currently in circulation coins are in denominations of 1, 5, 10, 25, 50 centavos, 1, 2 pesos, and banknotes are in denominations of 2, 5, 10, 20, 50, 100 pesos.

Argentine peso and the currency of peso

Peso was originally the name of Spanish dollar (also known as the piece of eight or the eight-real coin) which was issued by Spain and minted in the Spanish Empire. Hence, Peso has been a monetary unit used by many countries which were former Spanish colonies.